The 36 states of the federation and the Federal Capital Territory grew their external debts by $1.37bn (N270bn at the current interbank exchange rate of N197 to a dollar) in five years, investigation has shown. Statistics obtained from the Debt Management Office on Sunday showed that the external indebtedness of […]
Tag: InvestAdvocate
SEC receives 1,500 petitions on bank charges, others
In the last one month, the Securities and Exchange Commission has received over 1,500 complaints from shareholders of quoted companies, investigations have revealed. Our correspondent gathered on Sunday that the complaints bothered on bank charges, non-payment of dividends by some quoted companies even after declaring profits, and delays in getting […]
Banks Loan to Oil & Gas Sector Hits $5.7 Billion- CEO Seplat
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Banks loan to the oil and gas sector of the Nigerian economy is estimated to have reached $5.7 billion within the past five (5) years, Austin Avuru, chief executive officer (CEO) of the first dual listed Nigerian oil and gas upstream firm, Austin […]
